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hello there welcome to business this hour the united states may soon lift limitations on its ellen g. exports to europe the idea belongs to republican senator richard lugar who believes it would help european countries lower their dependence on russian energy supplies so to discuss this in more detail let's cross over to the business that's got. there waiting for us on top of this story so if possible would allow u.s. deaths exports to european nato member countries through a nato members all located in europe is that will threat to russia that well not necessarily even if the federal regulators approve this and keep in mind it can't

really be done without this approval because the nato countries in europe are not really free trade partners of the united states at the moment but even if the federal regulators give green light to this initiative it doesn't really make any sense for the united states itself now politics aside for a second the economics don't really add up thanks to the shale gas revolution the united states just recently became import independent and now sending cheap american gas overseas would naturally boost domestic prices essentially jeopardizing the whole manufacturing revival experts both here in russia and abroad support the few years we're confronting semen from the national energy security funds. if there will be experts from united states the prices you know the states will go up there is no reason for american government do increase local prices

because it will be the corpse of their poor self-induced the united states the return of factories to united states they don't want to do it and that is why i absolutely sure that they will not give permission to increase seriously increase their expert but to tell us the us federal regulators must know these arguments as well that if they go ahead if they given the green light to european gas exports would that mean that it does make economic sense not necessarily again the same answer and simply because you seem addition to economics that you and i may be used to talking about here and business there also the politics and it mainly the geopolitical interests that no doubt play a major role in statements like these the united states and numerous occasions criticized russia for using gas as a political tool and as soon as it discovers shale gas what does senator lugar want to to do what it wants to turn around and use gas as

a political weapon gas to gas competition is a strange thing there's absolutely no doubt about that and it's happening in europe as well but who is going to replace russia as the main supplier of gals to europe is really very much a political issue here is what c.n.n. has to say on this. the united states they want to see other suppliers. which the serious political control of united states such countries is as it were because of iraq. so they want to see these countries as the main supplies to europe this is the. and keep in mind katie also that there is another big issue and that is that at the moment there are sixteen applications pending for export of us gals to gnaw on free trade member countries and that means that senator lugar's initiative will have to wait in

a very long line and i'm not sure that senator lugar unself is going to survive that wait because he himself gave his retirement speech on wednesday. interesting stuff in the in the business thank you very much in defending us on that. now off to fourteen hours of negotiations that european finance ministers finally agreed on a do to make the european central bank the supervisory body for about two hundred of the biggest banks in the region now the deal is seen as a step towards a fiscal and economic union earlier i spoke to mike ingram from b.d.c. partners and he believes it will be a long process. at the moment we don't know what metrics that the e.c.b. will actually apply to the banks but eventually fall under its supervision deadline for that now is pushed out to march two thousand and fourteen what's going to

happen over the next few months and this is a tentative deadline of february next year is that european banking forty is going to be a zing with local regulators to try and. achieve a degree of harmonization across not just the year but of course the union so this is actually could be quite a long drawn out process but yes i think it is it is a step in the right direction i think with the euro zone it's always about baby steps but it should to some extent reassure markets that you know financial stability for the stability the banking sector is still very much the top the agenda of the euro zone. march twenty fourth enough the deadline for entries but nothing's a long while away what happens in the meantime the likes of greece and spain default they leave the time what happens then. well i think then it would be a situation of improvisation and you know i would have to say that you know the

press this morning one of them is that they were very focused all was well this clears the way for direct recapitalization of banks say in spain greece etc directly from the european permanent bailout mechanism. the thing about this is it's not likely to be retrospective so any banks that have already received bailouts through the sovereign probably are eligible for it has been pressing for this for a while and the second thing is that you know a lot of things could happen between now and bashi thousand and fourteen and you know that the city could be actually says well you know we've kicked the can to some extent down the road to the other side of german federal elections the other they are to also point out you know this is only the agreement of the first of three for you. the second part is about agreeing a resolution. mechanism for. european banks which are in trouble there are sovereignty issues there there are four main issues there which germany will be if

you push against and the third pillar is a european wide deposit insurance fund which would need a lot of money a job. but that's that's clearly discussion for two thousand and fourteen. well this is what's happening now in the markets will be see that u.s. stocks fell softer house speaker john boehner declared spending to be the issue preventing. spending cuts and tax highs from starting in the year which will cement european stocks dropped as well as his investors. did the press comments none of us had always been worried about the lack of progress in the budget negotiations to. the fiscal cliff is reaching a six week high the euro is now dropping as the general sentiment turns sour they've the russian cards you know finished up. against both of us a lot of the common currency domestic markets here moscow that took their cue from the international market some of that oil prices are also got exulted really helped

pump up best mates and because of that. but as far as russian shop is a concerns they are helping to keep the european. business. happen splashing out two point four billion euros in the past year helping to keep luxury stores afloat during these challenging times total expenditure is comparable to haul of the domestic market for luxury goods russia's foreign spending has now supposed to pounds but twice up to china's level yet which chinese shoppers the most. the plane that hit the european shops. ok that's all for mail be back in just under two hours time we've got news still often right here not a stay with us. the

legacy no one should be proud. of scrap metal littering pristine arctic landscape building stilton over their foundation pipes spewing black smoke over the snow covered peaks the traces of the soviet industrial activity on the spitzbergen archipelago don't make a pretty picture the guiding principle here is the worse the better locals like to tell the story that back in soviet times when norwegians were visiting barons were they also an express lane. and how prosperous this was well times have obviously kenya where they saw it lags they still attracting a region tourists or barons work i would watch native cash that's why while. our goal is common as was uncovered here a few days ago instead of throwing it away the local administration decided to paint a venue and put it at variance with central square that can do nine hundred eighty barons work was

a burgeoning mining community the soviet union was determined to maintain its own costs. are located halfway between north america and western europe bergen archipelago is part of norway with a special status that allows other countries to set up industrial bases here in the middle of the cold war it served as the use of western most outposts now it's one of the last preserved relics. of the soviet union if it was cut off from any financial support for two decades yes a curious interest and i think it could be even more appealing for russian troops. to keep its presence on spitsbergen russia. coal mine here but in terms of profit is far behind local shops so between. bill it is a big hit the defunct are incurred and still helps keep the money flowing guys it's the russians in your words you can't explain rumbles there on the ground your

local administration is increasingly under pressure to bring the infrastructure up to more than standards if these modernization efforts are not very popular with tourist operators if you come into a very authentic place like. it should stay the way it is that would be my wish i mean that's the part also the let you know authentic traditionally up to. i should not i would not like to have it in a shiny condition to be on as the time to change even for the better is not always good for business something that even a local band has become attuned to when they try to add morning russian songs to die repertoire the audience called the wanted to hear it was a song comfortably familiar.

this is happening here and you're watching our team well looks like there's an early christmas present for britain the jobless rate house shrunk and its biggest quarterly drop in a decade but it's no reason to pop the champagne just yet explains. well some unexpected season would share this week with official statistics showing the u.k.'s unemployment rate has fallen by eighty two thousand people between august and october well the government might have been acting like christmas is coming early but the cold hard reality is that all of course there are going to be a huge number of people right now he simply don't recognize the picture that they statistics the painting and that's one that person is back to work you need to

separate out this month's figures from kind of the medium to long term direction of the economy on the market so we're still getting some of the tail end of summer olympics effect. when we start to move out of a period you're going to still see this really strong employment growth particularly amongst young people take for example those on the government's work programme they have to come along to the job center as part of that program and to be signed up for mandatory unpaid work experience now those people will no longer be included in the unemployment statistics that very clearly that's very far for a more ordinary people indeed those people on the program themselves would consider employed so you can see you have to be very careful with this not these statistics giving us do you feel like the government's doing enough to help young people can see anything around me. really and how you find the on the work program a lot of young people we've spoken to you know haven't found it all that helpful

most of. the people are looking for. an employer young person who. never would have before in their lives that's it of course is not all bad news there are something coaching signs in these statistics but it's very early days and to conclude that the labor market here in the u.k. is back to full health with not only be foolhardy it would be dangerous in fact predictions saying that in two. one two thirteen we could see youth unemployment told that one million mocker again now that could have. implications for the young labor market hit in the united kingdom and right now bertha is on the precipice of venturing a triple dip recession and so if the millions who work whose closely twenty thirty is looking sets to be very. happy new. london.

has more for you on our website r t v dot com you cluing the power of have you know so this will be tested on a u.s. sergeant who claims that he has amnesia as prosecutors hope that he'll remember the day when he allegedly killed five fellow servicemen and iraq. also online for you making hey we've got a tale of how one paralympic athlete left a trained racehorse in his wake winning in a contest between man and beast. a building has collapsed on a construction site in russia's south west killing at least five workers nine

others are still trapped in the rubble while twelve are in the hospital it's not yet known of why the three story building came down but an investigation is currently underway emergency teams from moscow are to head to the roast of the region in order to try to help the rescue operation. some other international news making headlines right now in the west bank dozens of young palestinians have clashed with israeli soldiers the youth apparently threw stones as you can see there as well as bottles before the troops have responded with tear gas tensions are high after a palestinian teenager was shot to dead by israeli border police on wednesday after allegedly brandishing a gun it's a claim that's been denied by the palestinians. riots have broken out in argentina after thirteen people were acquitted in a high profile sex slavery case demonstrators in buenos aires threw stones at government buildings and demanded the resignation of judges who delivered the verdict the suspects were accused of kidnapping

a young woman and forcing her into prostitution top politicians including the country's president have come out in support of the protesters. meanwhile a state of disaster has been declared in somalia which has been hit by a cycle of and two children are believed to have been killed also widespread damage power lines down trees are being uprooted mass evacuations have been ordered in several areas including the capital where most roads are cut off. well the united states has admitted to detaining more than two hundred afghan teenagers some as young as thirteen years old keeping them locked up for about a year without charge a report to the united nations said that imprisoning the youngsters was a preventative measure against the insurgency more details now from artie's honest . over the last several years what has been going on is over two hundred afghan teenagers that were captured detained as a result of the fight against the taliban and al qaeda in afghanistan and held at

a u.s. military prison. airbase and the shocking numbers here are that the age of these people was on average sixteen years old a lot of them were a lot younger we're talking about twelve thirteen fourteen year old kids held for an average of a year and curiously in many of these cases we're talking about brothers here who are sitting in a hole and just captured and detained and taken into this military prison because there are suspected of being competence and in many cases it's important to underline here that these teenagers were not wearing military uniforms they were not participating in combat they were just suspected of being enemy combatants and they were taken to. the u.s. says it's a preventative measure we need to do i do everything we can to make sure these suspected enemy combatants don't return into the bottle field and cause they're not charged with any crime whatsoever there's no mandatory rule that they need to be provided with legal assistance they're saying that these afghan teenagers were

allowed for example to participate in open hearings and defend themselves afghan teenagers defending themselves we have to say that most of the many of them have been released or transferred to the afghan government at this point but many do remain as well. certainly a tragic case for those young teenagers well that's it for me for now we'll have more international news for you live from our headquarters in moscow in just about ten minutes don't go away. live. the speed.

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you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you hear or see some other part of it and realize that everything you thought you knew you don't know i'm tom harpur welcome to the big picture. choose your language. holy week you know in a financial plan i say sell some of. the concerns here to. choose the opinions that invigorating a good mind. choose the stories get in high life. choose access to your office.